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- Salpha Energy secures 2 billion naira from All On to strengthen local solar production.
- The funding aims to boost industrial capacity and scale access in underserved areas.
- Over 2 million Nigerians have benefited from Salpha’s off-grid power solutions.
Salpha Energy, a company focused on local assembly and distribution of solar units for off-grid areas, announced on May 21 it secured an investment of 2 billion naira (around $1.26 million) from All On, a Shell-backed impact investment firm.
This local currency financing will allow the company to strengthen its industrial capacities, expand its product range, and extend its reach in Nigeria’s underserved areas. Through this operation, All On aims to boost domestic industrial capabilities in the solar energy sector. The investment also aligns with goals of sustainability and local economic development.
Salpha manufactures kits ranging from 150 Wp to 100 kWp, equipped with smart batteries and inverters. Its systems have already provided reliable electricity to more than 2 million people nationwide covering health centers, schools, micro-businesses, and other essential infrastructure.
“All On’s local-currency financing tackles the mismatch that has hampered domestic clean-tech firms for years. Backing a Nigerian-owned, female-led manufacturer squarely aligns with our goal of building an inclusive energy ecosystem,” said Caroline Eboumbou, General Manager of All On.
Salpha Energy’s Founder and CEO, Sandra Chukwudozie, stated that the funding aims to deliver not just electricity, but also dignity, productivity, and opportunity to communities in need. Nigeria remains one of the most critical markets in Africa in terms of energy access, with around 85 million people still lacking electricity.
In this context, All On’s investment shows how tailored financial instruments can accelerate green industrialization while supporting resilient, locally anchored value chains.
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